Berliner Boersenzeitung - UN sanctions on Iran set to return as nuclear diplomacy fades

EUR -
AED 4.301716
AFN 77.102387
ALL 96.616471
AMD 443.59572
ANG 2.096746
AOA 1074.110656
ARS 1684.073797
AUD 1.758993
AWG 2.108396
AZN 1.969468
BAM 1.957105
BBD 2.345093
BDT 142.274846
BGN 1.956007
BHD 0.441553
BIF 3442.853937
BMD 1.171331
BND 1.509332
BOB 8.045363
BRL 6.406593
BSD 1.164301
BTN 104.676122
BWP 15.509538
BYN 3.38224
BYR 22958.084827
BZD 2.341701
CAD 1.616097
CDF 2613.239193
CHF 0.932854
CLF 0.027423
CLP 1075.808999
CNY 8.274988
CNH 8.264125
COP 4497.758224
CRC 573.294418
CUC 1.171331
CUP 31.040268
CVE 110.338556
CZK 24.254104
DJF 207.332642
DKK 7.469173
DOP 74.991593
DZD 152.193302
EGP 55.679188
ERN 17.569963
ETB 181.362875
FJD 2.661028
FKP 0.878173
GBP 0.875095
GEL 3.150162
GGP 0.878173
GHS 13.36591
GIP 0.878173
GMD 86.093306
GNF 10127.924632
GTQ 8.912942
GYD 243.592389
HKD 9.11565
HNL 30.667099
HRK 7.533972
HTG 152.464242
HUF 384.781097
IDR 19525.616879
ILS 3.760118
IMP 0.878173
INR 105.789742
IQD 1525.229804
IRR 49342.312982
ISK 148.653646
JEP 0.878173
JMD 186.706858
JOD 0.830471
JPY 182.433563
KES 151.043402
KGS 102.432364
KHR 4665.189668
KMF 494.301362
KPW 1054.231935
KRW 1724.076032
KWD 0.359305
KYD 0.970243
KZT 603.629828
LAK 25249.724748
LBP 104262.760889
LKR 359.538149
LRD 205.499626
LSL 19.790509
LTL 3.458635
LVL 0.708527
LYD 6.336359
MAD 10.761174
MDL 19.82213
MGA 5198.532133
MKD 61.550841
MMK 2459.697828
MNT 4154.37601
MOP 9.332201
MRU 46.432945
MUR 53.96325
MVR 18.043867
MWK 2018.971787
MXN 21.296909
MYR 4.814311
MZN 74.859436
NAD 19.790509
NGN 1696.918251
NIO 42.849297
NOK 11.831326
NPR 167.483226
NZD 2.014724
OMR 0.450386
PAB 1.164276
PEN 3.91441
PGK 4.940378
PHP 69.135453
PKR 329.125834
PLN 4.227977
PYG 7933.458103
QAR 4.244229
RON 5.090017
RSD 117.381377
RUB 92.827568
RWF 1694.651428
SAR 4.395478
SBD 9.640746
SCR 16.086003
SDG 704.554117
SEK 10.833077
SGD 1.515035
SHP 0.878802
SLE 28.228883
SLL 24562.220258
SOS 664.251324
SRD 45.233288
STD 24244.183864
STN 24.516763
SVC 10.187748
SYP 12951.233403
SZL 19.783611
THB 37.189173
TJS 10.769872
TMT 4.111371
TND 3.422281
TOP 2.820284
TRY 49.900805
TTD 7.89523
TWD 36.561336
TZS 2881.45984
UAH 49.291291
UGX 4156.771079
USD 1.171331
UYU 45.630419
UZS 13975.25684
VES 301.742191
VND 30838.213177
VUV 143.479984
WST 3.256414
XAF 656.402992
XAG 0.018862
XAU 0.000278
XCD 3.16558
XCG 2.098417
XDR 0.816355
XOF 656.4086
XPF 119.331742
YER 279.391668
ZAR 19.827656
ZMK 10543.376279
ZMW 27.076397
ZWL 377.168059
  • CMSC

    0.0800

    23.39

    +0.34%

  • VOD

    0.1050

    12.665

    +0.83%

  • RYCEF

    0.2300

    14.85

    +1.55%

  • AZN

    -0.6300

    90.88

    -0.69%

  • BTI

    -0.1500

    58.61

    -0.26%

  • RELX

    0.2400

    40.32

    +0.6%

  • RIO

    -0.1700

    76.07

    -0.22%

  • GSK

    0.2100

    48.62

    +0.43%

  • NGG

    0.2200

    74.86

    +0.29%

  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    3.1200

    81.17

    +3.84%

  • CMSD

    -0.0700

    23.21

    -0.3%

  • BP

    -0.1100

    35.77

    -0.31%

  • BCE

    0.4500

    23.64

    +1.9%

  • JRI

    0.0110

    13.731

    +0.08%

  • BCC

    1.3210

    78.331

    +1.69%

UN sanctions on Iran set to return as nuclear diplomacy fades
UN sanctions on Iran set to return as nuclear diplomacy fades / Photo: Ludovic MARIN - AFP/File

UN sanctions on Iran set to return as nuclear diplomacy fades

Iran is set to come under sweeping UN sanctions late Saturday for the first time in a decade, barring an unexpected last-minute breakthrough, after nuclear talks with the West floundered.

Text size:

The UN nuclear watchdog on Friday said that inspectors had been allowed to return to Iranian sites, but Western powers did not see enough progress to agree to a delay after a week of top-level diplomacy at the UN General Assembly.

European powers set the clock ticking a month ago for the "snapback" of the UN sanctions, accusing Iran of failing to come clean on its nuclear program -- including through countermeasures it took in response to Israeli and US bombing.

The sanctions are set to go into effect at 0000 GMT on Sunday (8:00 pm on Saturday in New York). They will set up a global ban on working with companies, people and organizations accused of developing Iran's nuclear program or ballistic missiles.

Iranian President Masoud Pezeshkian said there was no reason to reach a deal when, in his view, Israel and the United States were seeking to use the pressure to topple the Islamic republic.

"If the goal had been to resolve concerns on the nuclear program, we could easily do that," Pezeshkian told reporters, as he insisted again that Iran will never pursue nuclear weapons.

Pezeshkian, who met during the week with French President Emmanuel Macron, said France had proposed that Iran give up its stockpile of highly enriched uranium in return for a one-month delay in the return of sanctions.

"Why would we put ourselves in such a trap and have a noose around our neck each month?" he said.

He accused the United States of pressing the Europeans not to reach a compromise.

Steve Witkoff, Trump's friend and roving negotiator, had said that the United States does not want to hurt Iran and was open to further talks.

But Pezeshkian charged that Witkoff lacked seriousness, saying he had backtracked on agreements during earlier talks -- which abruptly stopped when Israel launched its military campaign.

- No Russia enforcement -

The sanctions are aimed at imposing new economic pain to pressure Iran, but it remains to be seen if all countries will enforce them.

Russian deputy ambassador Dmitry Polyansky said Friday that Moscow, a top partner of Iran, considered the reimposition of sanctions "null and void."

Russia and China sought at the Security Council Friday to delay the reimposition of sanctions until April but failed to muster enough votes.

The United States already imposes unilateral sanctions on Iran and has tried to force all other countries to stop buying Iranian oil, although companies from China have defied the pressure.

Trump imposed a "maximum pressure" campaign during his first term when he withdrew from a landmark 2015 nuclear agreement negotiated by former president Barack Obama that had offered sanctions relief in return for drastic curbs on Iran's nuclear program.

The new sanctions mark a "snapback" of the UN measures that were suspended under the 2015 deal, which had been strongly supported by Britain, France and Germany after Trump's withdrawal.

The International Crisis Group, which studies conflict resolution, said in a report that Iran seemed dismissive of the snapback as it had already learned to cope with the US sanctions.

But it noted that the snapback was not easy to reverse as it would require consensus at the Security Council.

"It is also likely to compound the malaise around an economy already struggling with high inflation, currency woes and deepening infrastructure problems," the report said.

Israeli Prime Minister Benjamin Netanyahu in a defiant UN address Friday urged no delay in the snapback and hinted that Israel was willing to again strike Iran's nuclear program, after the 12 days of bombing in June that Iranian authorities say killed more than 1,000 people.

Pezeshkian said that Iran would not retaliate against the sanctions by leaving the nuclear Non-Proliferation Treaty, warning that unnamed powers were seeking a "superficial pretext to set the region ablaze."

(T.Renner--BBZ)